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Platinum Bank

Brandon, FL · Cert 34620

FDIC · 7 branches

Q1 2017

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2017, the quarter ended March 31, 2017, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-12

Platinum Bank

Brandon, FL · Cert 34620

FDIC · 7 branches

Q1 2017

$606.0MAssets
$463.0MLoans
$518.8MDeposits
$41.0MEquity
Loan mix
70%RE $242.9M29%C&I $100.4M1%Consumer $3.0MQ1 2016Q1 2017
Deposit mix
61%Interest-bearing $316.6M39%Noninterest $202.2MQ1 2016Q1 2017

NIM

4.32%Q1 ’154.26%Q1 ’164.14%Q1 ’170%-3%

Non-interest income vs. expense

2.64%Q1 ’152.52%Q1 ’165.82%Q1 ’17-7%+135%

Market Position · Tampa-St. Petersburg-Clearwater, FL · 2016 SOD (annual) · 0.4% share · #26 of 64 inst. · $0.3B of $77.3B

0.9% Hillsborough
3.3% Polk
0.1% Pinellas

Executive Summary

  • Earnings: ROA of -2.13%, down 331 bps year over year; NIM at 3.56%.
  • Asset quality: problem loans at 0.33% of loans (+33 bps YoY), with net charge-offs at 0.05%.
  • Capital: tier 1 leverage ratio of 7.26%, down 220 bps from a year ago.
  • Funding: loans stand at 89.25% of deposits as of Q1 2017.

Financial Results

Return on Assets (YTD, annualized)

-2.13%-331 bps YoY

Net Interest Margin (YTD, annualized)

3.56%-12 bps YoY

Efficiency Ratio (YTD, annualized)

160.03%+9,283 bps YoY

Tier 1 Leverage Ratio

7.26%-220 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2016Q2 2016Q3 2016Q4 2016Q1 2017YoY ΔTrend
Earnings
Return on Assets1.18%1.08%1.16%1.23%-2.13%-331 bps
Return on Equity12.39%11.53%12.44%13.06%-25.91%-3,830 bps
Net Interest Margin3.68%3.57%3.62%3.63%3.56%-12 bps
Efficiency Ratio67.21%66.90%66.09%65.27%160.03%+9,283 bps
Non-Interest Burden2.45%2.35%2.35%2.33%5.74%+329 bps
Growth
Asset Growth (YoY)7.44%5.23%5.41%-1.41%3.37%-407 bps
Loan Growth (YoY)5.05%2.30%5.87%6.02%5.23%+17 bps
Deposit Growth (YoY)9.20%7.90%8.04%-0.75%4.78%-442 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.33%+33 bps
Net Charge-Offs / Loans0.01%0.07%0.02%0.02%0.05%+4 bps
Allowance / Loans1.09%1.15%1.12%1.11%1.09%0 bps
Allowance Coverage of NPLsn/an/an/an/a3.3xn/an/a
Capital
Tier 1 Leverage Ratio9.46%8.99%9.39%9.73%7.26%-220 bps
Total Risk-Based Capital12.87%12.62%12.51%12.79%9.77%-311 bps
Equity / Assets8.96%8.95%9.15%9.84%6.76%-219 bps
Liquidity & Funding
Loans / Deposits88.87%89.44%91.37%99.27%89.25%+38 bps
Liquid Assets / Assets13.99%13.43%12.81%7.83%13.63%-35 bps
CRE / Total Capitaln/an/an/an/an/an/an/a